CodeWord Issue 48 - March 2019

Published 14 March 2019

In this issue

Partial Offers - Specified Percentage

The Panel recently considered whether: (a) the Code permits a partial offer to successfully close with an offeror having acquired less than the specified percentage set out in the offer document...

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Guidance Update

The Panel has recently updated a number of Guidance Notes. Available on the Panel’s website are the new versions, as well as compare versions showing all updates, of the following Guidance...

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New Panel Member Appointments

In January 2019 the Panel announced the appointments of Anna Buchly and Martin Stearne to the Takeovers Panel. These new appointments were effective from 1 February 2019 for a term of four...

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Extension of 6-month period in the Class Exemptions Notice

The Panel has recently amended the Class Exemptions Notice (No 2) 2001. The amendments follow targeted market consultation and extend the 6-month top-up and sell-down periods in clauses 5 to 10 of...

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CodeWord is our regular newsletter that keeps market practitioners updated on the Panel’s guidance and determinations, as well as amendments to takeovers law. It also gives an overview of consultations with the market and any Panel news.

Please note that the Panel does not update past issues of CodeWord. As such, the material may become out of date when amendments are made to the Code. Please refer to the Panel's guidance notes for up-to-date regulatory guidance.

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Past Issues

CodeWord Issue 48 - 14 March 2019
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CodeWord Issue 47 - 26 October 2018
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CodeWord Issue 46 - 1 March 2018
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CodeWord Issue 45 - 1 December 2017
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CodeWord Issue 44 - 1 June 2017
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CodeWord Issue 43 - 1 December 2016
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CodeWord Issue 42 - 1 October 2016
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CodeWord Issue 41 - 1 December 2015
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CodeWord Issue 40 - 1 September 2015
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CodeWord Issue 39 - 1 April 2015
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